NZDJPY Weakens for Fifth Day Amidst Yen Strength, Bearish Trend Favors Downside

NZDJPY trades weak for the fifth consecutive day on board-based yen strength. If the 91.78 resistance holds, the downtrend appears to be trending toward favorability.

 

Technicals	CMP -90.05	Trend
4- Hour chart	Value
55 EMA	92.66	CMP<value	Bearish
200- EMA	93.49	CMP <value	Bearish
365- EMA	93.48	CMP<value	Bearish
EMA	92.98	CMP<Value	Bearish

 Near-term resistance - 90.97/91.80/92/92.30/93.20/93.80/94.40//95.50. Near-term support: 90.70/90/89.

Momentum indicator	Inference	Value
CCI(50)	Bearish	-143.43
ADX	Bearish	Strength increased from 49.70 to 60.40

 It is good to sell on rallies around  91 with an SL around 91.80, for a TP of 89.